Can I retire at age 48 with 540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$44,593$44,195$43,808$43,430$43,060$41,566
2 years$22,076$21,664$21,266$20,880$20,505$19,014
3 years$14,571$14,158$13,761$13,378$13,009$11,570
4 years$10,819$10,408$10,014$9,638$9,278$7,901
5 years$8,569$8,160$7,771$7,403$7,053$5,742
6 years$7,069$6,663$6,280$5,920$5,581$4,336
7 years$5,998$5,596$5,219$4,867$4,539$3,361
8 years$5,195$4,796$4,426$4,083$3,765$2,653
9 years$4,571$4,176$3,812$3,478$3,171$2,122
10 years$4,072$3,681$3,324$2,998$2,702$1,716
11 years$3,665$3,277$2,926$2,609$2,324$1,398
12 years$3,325$2,941$2,597$2,289$2,014$1,146
13 years$3,038$2,658$2,320$2,020$1,756$945
14 years$2,792$2,416$2,085$1,794$1,539$781
15 years$2,579$2,207$1,882$1,599$1,355$649
16 years$2,392$2,025$1,706$1,432$1,198$540
17 years$2,228$1,865$1,553$1,287$1,062$450
18 years$2,083$1,723$1,417$1,160$944$376
19 years$1,952$1,597$1,298$1,048$842$315
20 years$1,835$1,484$1,191$949$752$264
21 years$1,730$1,382$1,095$861$673$221
22 years$1,633$1,290$1,010$783$603$186
23 years$1,546$1,207$932$713$541$156
24 years$1,466$1,131$862$650$487$131
25 years$1,392$1,061$798$594$438$110
26 years$1,324$997$741$543$394$93
27 years$1,262$939$688$497$356$78
28 years$1,204$884$639$456$321$66
29 years$1,150$834$595$418$290$55
30 years$1,099$788$554$383$262$47
31 years$1,052$745$517$352$237$39
32 years$1,008$705$482$324$214$33
33 years$967$668$450$298$194$28
34 years$928$633$420$274$175$23
35 years$892$600$393$252$159$20
36 years$858$570$368$232$144$17
37 years$825$541$344$214$130$14
38 years$795$514$322$197$118$12
39 years$766$489$302$182$107$10
40 years$738$465$283$168$97$8
41 years$712$443$265$155$88$7
42 years$687$422$249$143$80$6
43 years$664$402$234$132$73$5
44 years$642$383$219$122$66$4
45 years$620$365$206$112$60$4
46 years$600$348$193$104$54$3
47 years$581$332$182$96$49$3
48 years$562$317$171$89$45$2
49 years$544$303$160$82$41$2
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $540,000, adding $2,563 every year, while hoping to spend $23,881 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/24/15 Blend
47$540,000$540,000$540,000$540,000
48$597,724$569,104$560,734$631,798
49$633,282$571,581$554,109$657,514
50$671,668$573,378$546,462$682,648
51$713,142$574,439$537,733$709,507
52$757,996$574,700$527,861$738,261
53$806,547$574,095$516,779$769,097
54$859,143$572,554$504,420$802,221
55$916,170$570,003$490,712$837,862
56$978,049$566,363$475,580$876,273
57$1,045,245$561,550$458,948$917,732
58$1,118,270$555,476$440,732$962,548
59$1,197,685$548,046$420,848$1,011,063
60$1,284,109$539,160$399,207$1,063,654
61$1,378,223$528,714$375,715$1,120,736
62$1,480,774$516,594$350,274$1,182,769
63$1,592,589$502,682$322,784$1,250,264
64$1,714,572$486,853$293,137$1,323,780
65$1,847,724$468,974$261,222$1,403,939
66$1,993,142$448,904$226,923$1,491,426
67$2,152,037$426,495$190,120$1,586,998
68$2,325,741$401,589$150,684$1,691,492
69$2,515,719$374,020$108,485$1,805,831
70$2,723,587$343,611$63,384$1,931,034
71$2,951,122$310,178$15,237$2,068,228
72$3,200,283$273,522$0$2,218,655
73$3,473,224$233,437$0$2,389,475
74$3,772,321$189,703$0$2,579,395
75$4,100,187$142,088$0$2,787,673
76$4,459,703$90,348$0$3,016,185
77$4,854,041$34,223$0$3,266,996
78$5,286,693$0$0$3,542,386
79$5,761,509$0$0$3,851,884
80$6,282,726$0$0$4,201,591
81$6,855,014$0$0$4,585,609
82$7,483,517$0$0$5,007,393
83$8,173,899$0$0$5,470,751
84$8,932,403$0$0$5,979,880
85$9,765,904$0$0$6,539,399
86$10,681,978$0$0$7,154,401
87$11,688,970$0$0$7,830,494
88$12,796,074$0$0$8,573,859
89$14,013,419$0$0$9,391,304
90$15,352,167$0$0$10,290,330
91$16,824,612$0$0$11,279,201
92$18,444,303$0$0$12,367,025
93$20,226,164$0$0$13,563,832
94$22,186,643$0$0$14,880,678
95$24,343,858$0$0$16,329,742
96$26,717,776$0$0$17,924,445
97$29,330,396$0$0$19,679,573
98$32,205,956$0$0$21,611,419
99$35,371,165$0$0$23,737,937
100$38,855,451$0$0$26,078,907